Nok Air, a low-cost carrier based in Thailand, was officially delisted from the Thai Stock Exchange on January 9, 2025, marking the end of its 11-year presence as a publicly traded company. The delisting is part of the airline’s ongoing efforts to navigate through a challenging rehabilitation process.
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Thai Airways International has undergone a significant shareholding restructure as part of a debt-to-equity conversion, altering the composition of its major shareholders. This move is a key element of Thai Airways’ broader restructuring plan aimed at improving its financial stability and positioning the airline for long-term recovery.
Lufthansa Group (Germany) is poised to finalize a major deal to acquire a stake in ITA Airways (Italy) on January 13, 2025, marking the culmination of years of negotiations. This strategic investment is expected to strengthen Lufthansa’s position in the European aviation market and provide ITA Airways with a stable partner to support its growth and modernization efforts.
In a strategic move to enhance domestic connectivity, TACV Cabo Verde Airlines has entered into agreements to lease two ATR 72-600 aircraft, bearing serial numbers 1512 and 1514, from TrueNoord, a Netherlands-based regional aircraft lessor. Each lease is set for an eight-year term.
Connect Airlines (US) has officially transferred its final aircraft, a DHC8-400, bearing serial number 4327, to Air Niugini (Papua New Guinea). With this transfer, Connect Airlines is now left without any aircraft in its fleet, marking a significant shift in its operational status.
Korean Air CEO Woo Kee-hong is set to be promoted to vice chairman upon the completion of Korean Air’s corporate merger with Asiana Airlines. This promotion highlights the strategic importance of the merger, which aims to consolidate the two major South Korean carriers into a globally competitive airline. The merger process has been closely monitored by industry analysts and…
Eurowings (Germany) has announced the introduction of seasonal flights connecting Dusseldorf to Ponta Delgada in the Azores. The service is set to commence on 10 May 2025 and will be operated using the Airbus A320. This new route reflects Eurowings’ strategy to expand its leisure travel options, catering to growing demand for unique and picturesque destinations. The Azores, known for their stunning volcanic landscapes and…
